Qamnty

My account
Edit my Profile
Private messages
My favorites

The simple interest on an investment of $8000 for one year is $360. What is the interest rate need help asap???

Ask a Question
Questions
Unanswered
Tags
Ask a Question

asked May 14, 2018 172k views

0 votes

The simple interest on an investment of $8000 for one year is $360.

What is the interest rate need help asap???

Mathematics
college

Zach Snow asked

by Zach Snow

7.6k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

3 votes

I = PRT
$360 = $8000 x R X 1
$360 = $8000 X R
$360/$8000 X R /$8000
0.045 = R
R= 0.045 * 100
R = 4.5%

Arun Avanathan answered May 19, 2018

by Arun Avanathan

8.5k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

Related questions

asked Mar 1, 2019 176k views

The simple interest on an investment of $8000 for one year is $360. What is the interest rate? A. 0.045% B. 0.45% C. 4.5% D. 45%

Stuart Campbell asked Mar 1, 2019

by Stuart Campbell

8.6k points

Mathematics
middle-school

2 answers

3 votes

176k views

asked Mar 9, 2021 58.7k views

Question 8 (4 points) Stephen bought a bond with a face value of $8000 and a coupon rate of 6.75%. The bond will mature in 15 years. How much interest will he receive semiannually? $270 $324 O $360 O $540

Redzarf asked Mar 9, 2021

by Redzarf

8.1k points

Mathematics
middle-school

2 answers

2 votes

58.7k views

Ask a Question

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

The simple interest on an investment of $8000 for one year is $360. What is the interest rate need help asap???

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

Related questions

Categories

Other Questions